China Gas Detection Market Size & Outlook, 2023-2030
China gas detection market, 2018-2030 (US$M)
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China gas detection market highlights
- The China gas detection market generated a revenue of USD 637.3 million in 2023 and is expected to reach USD 1,408.9 million by 2030.
- The China market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, fixed gas detector was the largest revenue generating product in 2023.
- Portable Gas Detector is the most lucrative product segment registering the fastest growth during the forecast period.
Gas detection market data book summary
| Market revenue in 2023 | USD 637.3 million |
| Market revenue in 2030 | USD 1,408.9 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Fixed gas detector |
| Fastest growing segment | Portable Gas Detector |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Gas Detector, Portable Gas Detector |
| Key market players worldwide | ABB Ltd, Teledyne Technologies Inc, Fortive Corp, GE Aerospace, Honeywell International Inc, Thales Group, Opgal, Thermo Fisher Scientific Inc, Siemens AG, ATI Airtest Technologies Inc |
Other key industry trends
- In terms of revenue, China accounted for 12.4% of the global gas detection market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gas detection market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 644.0 million by 2030.
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Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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China gas detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas detection market will help companies and investors design strategic landscapes.
Fixed gas detector was the largest segment with a revenue share of 69.4% in 2023. Horizon Databook has segmented the China gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
The market in China experienced a surge in the adoption of innovative and interconnected gas detectors, facilitating real-time monitoring and data analysis to enhance safety protocols. Furthermore, with an increasing focus on oil production, China exhibited a rising trend in crude oil output.
For instance, in 2023, the Bohai Oilfield, China's largest offshore crude oil producer, achieved an impressive oil and gas output of over 36.8 million Tons of Oil Equivalent (TOE). Domestic crude oil production in the same year reached 208 million tons, reflecting a notable increase of over 3 million tons compared to the previous year and a substantial uptick of 19 million tons from 2018.
This robust performance further solidified the long-term stability of domestic crude oil production at 200 million tons per year.
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Our clientele includes a mix of gas detection market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China gas detection market , including forecasts for subscribers. This country databook contains high-level insights into China gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China gas detection market size, by product, 2018-2030 (US$M)
China Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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